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Banks told to meet enhanced requirements

By M J Hayat LAHORE: The banks designated as Domestic Systemically Important Banks (D-SIBs) will be required to meet enhanced supervisory and regulatory requirements by end of March 2019, the State Bank of Pakistan (SBP) said, on Thursday. The State Bank of Pakistan has announced the designation of D-SIBs under the Domestic Systemically Important…
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Employee’s contributory funds approved

By M J Hayat LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new regulations are aimed at improving safety regime for the employees contributing to various contributory funds while keeping in view the growth perspective of the…
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New openings, growth prospects for businessmen of China, SA

By Our Staff Reporter LAHORE: The President of SAARC Chamber of Commerce and Industry (SAARC CCI), Ruwan Edirisinghe is leading a high-level business delegation to attend the 13th China South Asia Business Forum, from 12 to 15 June 2018 in Kunming, Yunnan Province, China. The 13th China South Asia Business Forum is being organised by China…
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SC suspends tax deduction on mobile cards

ISLAMABAD - Chief Justice of Pakistan Mian Saqib Nisar on Monday suspended the tax deduction on mobile cards by companies and Federal Board of Revenue (FBR). The apex court has provided a two-day deadline to follow the orders pertaining to the suspension. During the hearing of the case, the court remarked, “The public is being looted here.…
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Pakistan’s export to Afghanistan hit two-year high: Report

Pakistan’s export to Afghanistan has reached to a two-year high during the first 10 moths of the current fiscal year despite relations remain strained on political level between the two neighboring countries, it has been reported. The latest report from the State Bank of Pakistan shows the country’s exports to Afghanistan reached $1.282 billion…
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FBR issues template finalising pension cases

By Our Special Correspondent LAHORE: The Federal Board of Revenue (FBR) Tuesday issued template showing flow and activity of finalizing pension cases. The FBR to ensure that retirement notifications/orders of the relevant employees are issued one year before their superannuation: That the relevant sections of FBR /field formations have…
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Bank of Khyber elects 3 directors

By Our Special Correspondent LAHORE: Bank of Khyber (BoK) has elected three directors of the bank in a meeting held on Friday last. The directors who were elected were Maqsood Ismail Ahmed, Javaid Akhtar. The directors will assume office as directors of the bank following the State Bank of Pakistan fit and proper criteria is met by` the…
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Hackers continue attempts to deprive account-holders’ of money

By Waleed Bin Imran LAHORE: Hackers continue attempts to deprive Habib Bank Limited (HBL) account-holders’ of money while HBL and State Bank of Pakistan (SBP) are keeping mum over this serious issue. HBL and SBP authorities seem not taking interest in performing their duties, maintaining their reputation, holding the trust of their account…
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